Keppel Ltd's earnings call for the first half of 2025 highlighted significant progress in asset monetization and strong financial performance, particularly in the Infrastructure segment. However, challenges remain in the non-core portfolio and Connectivity segment. The company's strategic initiatives and cost optimization efforts indicate a positive transformation trajectory.

Company Guidance -

Q4 2025

During the Keppel Ltd's First Half Financial Results conference for 2025, CEO Loh Chin Hua highlighted several key financial metrics and strategic initiatives. The company reported a 25% year-on-year increase in net profit, reaching $431 million, supported by robust infrastructure earnings and improved real estate contributions. Their funds under management (FUM) rose to $91 billion, while asset monetisation efforts have reached $7.8 billion. The company aims to achieve its Vision 2030 interim targets by 2026, focusing on an asset-light strategy. Efforts to streamline operations through Project Lean have led to $88 million in recurring annual cost savings, advancing towards a $120 million target by 2026. Keppel also announced a $500 million Share Buyback Programme and maintained an interim cash dividend of $0.15 per share. The non-core portfolio, with a carrying value of $14.4 billion, will be divested over time to support growth in the New Keppel, reduce debt, and return capital to shareholders. The company reported an annualized ROE of 15.4% and a net debt to EBITDA ratio of 2.4x.

Strong First Half 2025 Results

Keppel's net profit surged by about 25% year-on-year to $431 million. All segments were profitable, contributing $444 million in recurring income, an increase of 7% year-on-year from $414 million in the first half of 2024.

Asset Monetisation and Transformation

Keppel announced $7.8 billion in asset monetisation since 2020. The New Keppel is focused on an asset-light model and aims to monetize $14.4 billion in non-core assets by 2030.

Infrastructure Segment Growth

Net profit from the Infrastructure division rose 8% year-on-year to $333 million, while its EBITDA grew 7% to $405 million.

Successful Fund Management

Keppel's funds under management (FUM) reached $91 billion by June 2025, with $1.9 billion raised in equity and $6.5 billion in acquisitions and divestments.

Strategic Partnerships and Expansions

Keppel formed a strategic partnership with AIIB to mobilize up to USD 1.5 billion for projects in Asia Pacific and plans to launch new funds, including Aermont Fund VI.

Cost Optimization Initiatives

Project Lean achieved $88 million in recurring annual run-rate cost savings, advancing towards a $120 million target by end 2026.

Dividend and Share Buyback Program

An interim cash dividend of $0.15 per share was declared, along with a $500 million Share Buyback Programme to be used for employee share plans and future M&A activities.

Keppel Corporation Limited (SG:BN4) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SG:BN4 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 22, 2026	2025 (Q4)	0.31 / -	0.287	―	―	―
Jul 30, 2025	2025 (Q2)	0.26 / 0.24	0.167	45.51% (+0.08)	―	―
Apr 23, 2025	2025 (Q1)	- / -	0.244	―	―	―
Feb 04, 2025	2024 (Q4)	0.26 / 0.29	0.244	17.62% (+0.04)	―	―
Oct 17, 2024	2024 (Q3)	- / -	0.246	―	―	―
Jul 31, 2024	2024 (Q2)	- / 0.17	0.24	-30.42% (-0.07)	―	―
Apr 24, 2024	2024 (Q1)	- / -	0.154	―	―	―
Jan 31, 2024	2023 (Q4)	- / 0.24	0.154	58.44% (+0.09)	―	―
Oct 19, 2023	2023 (Q3)	- / -	0.157	―	―	―
Jul 27, 2023	2023 (Q2)	- / 0.24	0.153	56.86% (+0.09)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SG:BN4 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	S$8.18	S$8.47	+3.55%
Apr 23, 2025	S$6.22	S$6.40	+2.89%
Feb 04, 2025	S$6.44	S$6.49	+0.78%
Oct 17, 2024	S$6.20	S$6.25	+0.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Keppel Corporation Limited (SG:BN4) report earnings?

Keppel Corporation Limited (SG:BN4) is schdueled to report earning on Jan 22, 2026, TBA (Confirmed).

What is Keppel Corporation Limited (SG:BN4) earnings time?

Keppel Corporation Limited (SG:BN4) earnings time is at Jan 22, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is the P/E ratio of Keppel Corporation Limited stock?

The P/E ratio of Keppel Corporation Limited is N/A.

What is SG:BN4 EPS forecast?

SG:BN4 EPS forecast for the fiscal quarter 2025 (Q4) is 0.31.

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